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One Rogers St, Cambridge, M...

Updated Dec 14, 2024

Alexandria Real Estate Equities Acquires Office Property In Cambridge, MA For $815M
SOLDOffice

Alexandria Real Estate Equities Acquires Office Property In Cambridge, MA For $815M

One Rogers St, Cambridge, MA 02142, United States

$815,000,000

Building Size

Asset Type

Office

Closing

Jan 3, 2022

About this deal

AI

One Rogers St & 1 Charles Park, located in Cambridge, MA, has been sold in a recent transaction. The property, an office asset, was purchased by an affiliate of Alexandria Real Estate Equities, Inc for a total sale price of $815,000,000. The sellers were Davis - Cappy Daume and Michael Cantalupa, representing Principal Real Estate Investors.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $815,000,000
  • Buyer: Affiliate of Alexandria Real Estate Equities, Inc
  • Seller: Davis - Cappy Daume & Michael Cantalupa; Principal Real Estate Investors
  • Broker: Robert Griffin - Newmark
  • Address: One Rogers St & 1 Charles Park, Cambridge, MA

Robert Griffin from Newmark represented the buyer in the transaction. The sale took place on 01/03/2022 and was recorded by Robert Griffin. With a total sale price of $815,000,000, this transaction marks a significant deal in the office market in Cambridge, MA.

Players

Robert Griffin

Newmark

Broker

$7.3B

vol

72 deals

Broker
Alexandria Real Estate Equities Inc
Alexandria Real Estate Equities IncBuyer
Principal Real Estate Investors
Principal Real Estate InvestorsSeller

South Boston Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.02%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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